Good value for money
Murdoch, J.
Good value for money - 2003 - Estates Gazette (0320) 17 May 2003, 145(1) .
Discusses a recent decision "Lloyds TSB Bank plc v Edward Symmons and Partners" ([2003] EWHC 346 (TCC), Abs66654) in which the HC rejected the bank's (L) claim for damages for an alleged negligent valuation carried out by (E). "Merivale Moore plc v Strutt and Parker" (CA WB3517-20) applied. Claim rejected on the grounds that the valuation was within the permissible margin of error. In order to succeed with negligence claim against a valuer it is necessary to show that the valuation was outside the 'margin of error'. If it is, this is itself evidence of negligence. View judgment at www.bailii.org.
LLOYDS TSB BANK PLC V EDWARD SYMMONS AND PARTNERS
DAMAGES
MARGIN OF ERROR
MERIVALE MOORE PLC AND ANOTHER V STRUTT AND PARKER
OPEN MARKET VALUE
LETTABLE AREA
VALUERS
UNDERVALUATION
RENTAL VALUES
FLOOR AREAS
COMMERCIAL PREMISES
NEGLIGENCE
Good value for money - 2003 - Estates Gazette (0320) 17 May 2003, 145(1) .
Discusses a recent decision "Lloyds TSB Bank plc v Edward Symmons and Partners" ([2003] EWHC 346 (TCC), Abs66654) in which the HC rejected the bank's (L) claim for damages for an alleged negligent valuation carried out by (E). "Merivale Moore plc v Strutt and Parker" (CA WB3517-20) applied. Claim rejected on the grounds that the valuation was within the permissible margin of error. In order to succeed with negligence claim against a valuer it is necessary to show that the valuation was outside the 'margin of error'. If it is, this is itself evidence of negligence. View judgment at www.bailii.org.
LLOYDS TSB BANK PLC V EDWARD SYMMONS AND PARTNERS
DAMAGES
MARGIN OF ERROR
MERIVALE MOORE PLC AND ANOTHER V STRUTT AND PARKER
OPEN MARKET VALUE
LETTABLE AREA
VALUERS
UNDERVALUATION
RENTAL VALUES
FLOOR AREAS
COMMERCIAL PREMISES
NEGLIGENCE